5ETF option is an on-site option based on 5ETF. SSE 5ETF options can be divided into two types: call option and put option. Call option means that the buyer has the right to buy Huaxia SSE 5ETF at an exercise price, and the seller takes the responsibility of selling Huaxia SSE 5ETF to the option buyer at the exercise price when the option buyer requests it.

put option means that the buyer has the right to spend money (royalty) to buy Huaxia SSE 5ETF at an exercise price, and the seller receives money (royalty) to undertake the responsibility of purchasing Huaxia SSE 5ETF from the option buyer at the exercise price when the option buyer requests exercise.

Basic concept of p>5ETF options:

Option exercise price: the buying and selling price of the fund 515 specified in advance when the buyer of the option exercises his rights.

royalty: the option price paid by the buyer of the option, that is, the fee paid by the buyer to the option seller.

intrinsic value: intrinsic value refers to the income obtained when exercising. For example, the current price of 515 is 2.943, then the intrinsic value of 5ETF purchasing July 29 is .43 yuan.

time value: time value, also known as external value, refers to the part of the value that the premium paid for purchasing the option exceeds the intrinsic value of the option. The longer the remaining time of stock conversion, the greater the price change and the closer the current price is to the exercise price of the option, the higher the time value of the option.

real option: real option refers to the state that the exercise price of the call option is lower than the target market price, or the exercise price of the put option is higher than the target market price. The buyer of the real option is currently profitable.

flat option: a flat option refers to the state that the exercise price of the option is equal to the target market price.

Virtual option: Virtual option refers to the state that the exercise price of the subscribed option is higher than the target market price, or the exercise price of the subscribed option is lower than the target market price. The buyer of the virtual option is not profitable at present, and the exercise of the option will cause losses.

T quotation: in general, the option trading interface uses t quotation to look at real value, flat value and imaginary value.

the following figure shows the options trading interface of 5ETF, with call options on the left, put options on the right and exercise price in the middle column. In the interface, flat, real and imaginary options are distinguished by background color. Among them, the green ones are imaginary options and the dark ones are real options. ?

expiration month: there are four expiration months of the contract: the current month, the next month and the next two quarters. Wednesday in the fourth week of the expiration month is the expiration date, and it will be postponed in case of legal holidays.

contract unit: the contract unit of SSE 5ETF option is one, and one is equal to 1,.